Identifying and analyzing the risks of 'risk-free' securities : (Record no. 9760)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01568nam a22001577a 4500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20241011074600.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 241011b ph ||||| |||| 00| 0 eng d |
| 040 ## - CATALOGING SOURCE | |
| Transcribing agency | OCT |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Mishler, Mark |
| 240 ## - UNIFORM TITLE | |
| Uniform title | Journal of Accountancy / |
| Medium | September 2023 |
| 245 ## - TITLE STATEMENT | |
| Title | Identifying and analyzing the risks of 'risk-free' securities : |
| Remainder of title | A thorough financial analysis and risk assessment of debt security assets and bank equity values shows the threat of bank failures was in plain siight / |
| Statement of responsibility, etc. | Mark Mishler |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | Vol 236 (3) pages 10-15 : |
| Other physical details | illustrations ; |
| Dimensions | 28 cm |
| 500 ## - GENERAL NOTE | |
| General note | Interest rate increases result in unrealized losses for held-to-maturity debt security investments, but these losses do not appear in the financial statements (as long as there are no impairment losses).<br/>These losses appear only in the financial statement note disclosures. As a result, traditional liquidity and capital ratios may appear too favorable and distort investment decisions. Furthermore, the risk-free designation for Treasury and Agency debt securities applies only to default risk. Many financial statement users rely too much on this risk-free default designation and should consider other risks. Silicon Valley Bank was the first of three banks that failed in March 2023 and were seized by government regulators. All three were unable to repay depositors who withdrew their money in droves after rising interest rates devalued the banks' investments in bonds, which banks had to sell to fund deposit withdrawals<br/> |
| 653 ## - INDEX TERM--UNCONTROLLED | |
| Uncontrolled term | Management accounting |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Continuing Resources |
| Suppress in OPAC | No |
No items available.